Scottish Baroness to Fail to Conduct ICO

EQUI Capital, founded by Scottish Baroness Michelle Mone, raised only $7M with $80M hardcap
06 September 2018   664

The investment platform EQUI Capital, founded by Scottish baroness Michelle Mone and businessman Doug Barrowman, failed to attract the desired $ 80 million during the ICO. According to the Coin Insider, even despite the extension of the deadline for the project, the project did not overcome the $ 7 million sum raised at the preselling stage.

In addition, the bounty promoters who promoted ICO in social networks and on other online sites stood against the company's leaderships. However, the founders of EQUI Capital proposed to solve this issue with the supervising bounty program by the company AmaZix.

Lady Mone has been mega busy in Silicon Valley dealing with our new founder so, to be honest she doesn’t have the time to be involved by Bounty people complaining over nothing. If they need to complain they should do this to the agency who hired them in the first place and not EQU.

Baroness' Representative

Meanwhile, in August, the official EQUI Capital blog announced the transformation of the company into an international one and announced the launch of the project under the EQUI Global brand with a new co-founder. As it turned out later, he was co-founder of Apple Steve Wozniak. 

By the idea of Michel Mon, Equi, based of Ethereum was supposed to "iencourage women to invest in tech".

Earlier, the baroness lit up in yet another cryptoproject - the construction of a residential complex in Dubai for $ 325 million, an apartment in which it was planned to sell for bitcoins.

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Pure Bit to Refund Investors' Money

Another cryptocurrency scam storu may have happy ending
15 November 2018   155

The founders of the South Korean exchange Pure Bit, who were suspected of stealing investors' money, announced the return of funds.

According to the local edition of BlockchainROK, representatives of the exchange have already partially returned the money to some users and pledged to return all other funds.

On November 4, the exchange team launched the ICO with the goal of collecting about $ 30 million to create a crypto exchange. However, on November 9, Pure Bit closed the site, said goodbye to its investors and removed everyone from the group in the KakaoTalk messenger. Also, the founders of the exchange withdrew funds from the account that was used for ICO.

According to CCN, one of the issues traced the Ethereum address of the exchange and asked Upbit to block the account and freeze the funds. Upbit fulfilled this request.

This is Pure Bit. First off, I would like to apologize to everyone that was affected by the ICO. Since November 5, I raked in 16,000 ETH and did not open a crypto exchange as promised. I kicked out everyone in our social media chat groups and disappeared without any message. I negatively affected investors in the project psychologically and financially. I made an unforgivable mistake that cannot be turned around, blinded by money. It has been less than a day and I have already started to suffer from guilt. Although it cannot be compared with the hardship faced by the investors, I also felt significant guilt. I sincerely apologize to all of the investors in the ICO who were affected by the operation.

CEO of Pure Bit

The founder of Pure Bit also notified that he would return ETH 16,000 to depositors without taking into account the payment of services to a third-party company that organized ICO.